Shiba Inu Receives a Major Boost After Being Listed on the Philippines’ Most Popular Crypto Exchange
As the meme coin is listed on Coins.ph, a renowned cryptocurrency exchange in the Philippines, Shiba Inu adoption is rising.
Coins.ph has over 18 million registered users and is authorised by the Philippines‘ central bank (BSP). This indicates that the dog-themed cryptocurrency is accessible to many consumers not just in this region of Asia but globally.
The so-called “Dogecoin-killer” Shiba Inu will be introduced to the market’s current twenty cryptocurrencies.
Coins.ph is one of the Philippines’ earliest cryptocurrency exchanges. The exchange, founded in 2014, moved its emphasis from cryptocurrency to traditional financial services.
Shiba Inu Joins The ‘Most Established Crypto Brand’ Of The Philippines
Coins.ph is the first blockchain company in Asia to get a licence as an Electronic Money Issuer and Virtual Currency exchange from the BSP (EMIVC).
Coins.ph has the first Electronic Money Issuer and Virtual Currency Issuer licences from a central bank in Asia. According to its website, it boasts 7 million active monthly users and 300 “happy” staff.
Analysts evaluated the Shiba Inu price movement and predicted an increase to the favourable target price of $0.0000140. The meme coin might recoup its losses and start a rally with a price target of $0.00000140 in mind.
According to Sunday’s Coingecko data, Shiba Inu is selling at $0.00001180, an increase of 7.1% over the previous week.
Former Binance Chief Financial Officer Wei Zhou, who left the crypto exchange giant for personal reasons in May last year, purchased Coins.ph at the beginning of April.
This deal occurred three years after the Indonesian technology business paid $95 million for the startup. The Philippine-based cryptocurrency exchange had initially intended to issue the meme coin on July 13, but the launch was delayed due to technical difficulties.
Also Read: Taiwan Will Ban Crypto Purchases Using Credit Cards